Bitcoin Approaches $65,000 Threshold, Losses Deepen

Bitcoin Price Decline on the Agenda

Bitcoin has lost more than 10% of its value in the last 24 hours, falling below the $66,000 level. This marks the steepest daily decline since the FTX crisis.

The wave of selling in the markets was not limited to cryptocurrencies; silver lost 15% of its value while gold fell by more than 2%. In addition, software stocks and major American stock indices also experienced declines.

An analyst stated that there is still no clear bottom level for Bitcoin. The $58,000 to $60,000 range stands out as critical support points during this decline. At the same time, alternative cryptocurrencies such as XRP have been observed to experience sharper losses.